What is the future of Aban Offshore ?

[rimmii]

I am very confused about this companies performance in market. Can anyone guide me about Aban offshores future ? There was one time i gained lot of money through this stock. But recently i fear to invest in it, please guide me how to analyse any co. for shares investment.

 

[FernandoFlores]

This company had an upward movement in prices in 2007 and 2008. When the crisis began in the West the value of the shares have fallen to the area 547. In the terminology of technical analisis is doing what we call a "sleeping land" or even "back of the bowl." These are terms of words used in the financial world. It is not good now enter this business because the signal to do is "handle the bowl" and it still has. You must wait. You can wach the chart here http://economictimes.indiatimes.com/aban-offshore-ltd/stocks/companyid-11.cms.

 

[FernandoFlores]

This company had an upward movement in prices in 2007 and 2008. When the crisis began in the West the value of the shares have fallen to the area 547. In the terminology of technical analisis is doing what we call a "sleeping land" or even "back of the bowl." These are terms of words used in the financial world. It is not good now enter this business because the signal to do is "handle the bowl" and it still has. You must wait. You can see the chart here: http://economictimes.indiatimes.com/aban-offshore-ltd/stocks/companyid-11.cms